4//SEC Filing
VirnetX Holding Corp 4
Accession 0001209191-16-123303
$VHCCIK 0001082324operating
Filed
May 24, 8:00 PM ET
Accepted
May 25, 5:25 PM ET
Size
8.4 KB
Accession
0001209191-16-123303
Insider Transaction Report
Form 4
Nance Richard H
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2016-05-23+4,000→ 4,000 totalExercise: $4.74Exp: 2026-05-23→ Common Stock (4,000 underlying) - Award
Common Stock
2016-05-23+2,667→ 13,404 total
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive, upon vesting, one share of VirnetX Holding Corporation common stock. Twenty-five percent (25%) of the restricted stock units will vest on the one (1) year anniversary of the vesting commencement date, and twenty-five percent (25%) of the restricted stock units will vest each year thereafter on the same day as the vesting commencement date, subject to the Participant (as defined in the Company's 2013 Equity Incentive Plan (the "Plan")) continuing to be a Service Provider (as defined in the Plan) through each such date. If a Change in Control (as defined in the Plan) occurs, all of the restricted stock units then unvested as of the date of the Change in Control will vest immediately prior to the consumption of the Change in Control transaction.
- [F2]1/48 of the total number of shares subject to the option shall vest and become exercisable each month after the vesting commencement date on the same day as the vesting commencement date, so long as the individual's continuous status as a Service Provider (as defined in the Plan) has not terminated prior to each such date. If a Change in Control (as defined in the Plan) occurs, all of the shares underlying this option then unvested as of the date of the Change in Control, will vest and become exercisable immediately prior to the consummation of the Change in Control transaction.
Documents
Issuer
VirnetX Holding Corp
CIK 0001082324
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001082324
Filing Metadata
- Form type
- 4
- Filed
- May 24, 8:00 PM ET
- Accepted
- May 25, 5:25 PM ET
- Size
- 8.4 KB